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8716 Ramsgate Avenue, 
Los Angeles, CA 90045

$5,545,000


28

Beds


16

Baths


10,500

Sq Ft


Multi-Family

Active

Listed by

Don Favia

Benjamin J. Hsiang

Realty Investment Advisors, Inc.

Last updated:

March 6, 2026, 11:42 AM

MLS#

26639463

Source:

CRMLS

About This Home

8716 Ramsgate Avenue

*CALL FOR OFFERS! NOW TOURING!* 8716 and 8722 Ramsgate Avenue offer a rare Westside Los Angeles multifamily opportunity delivering a true 7.00% cap rate and sub-10 GRM (9.95x) on current in-place income - an exceptionally uncommon pricing profile for a fully rebuilt, turnkey asset in Westchester. The property consists of 12 units across two side-by-side parcels on a double lot, comprehensively redeveloped in 2025, including four newly constructed units. The scope of work was extensive and property-wide, with all major building systems replaced or upgraded, including roof, windows, plumbing, sewer, electrical, HVAC, lighting, and fixtures. The result is a true no-capex acquisition with no deferred maintenance and no near-term capital exposure. The exterior was fully redeveloped as part of the 2025 improvements, featuring new stucco and paint, updated railings and stair systems, modernized building elevations, and professionally designed drought-tolerant landscaping with paver hardscaping throughout the common areas. The property is situated on a quiet, residential, tree-lined Westchester street, reinforcing long-term tenant appeal and pride of ownership. Unit interiors feature high-end finishes throughout, in-unit washers and dryers, and a highly desirable unit mix of eight two-bedroom units and four three-bedroom units. The execution and layout deliver durable, operationally simple, and immediately stabilized income supported by substantive improvements rather than cosmetic upgrades. Located west of the 405, just off Manchester, the property benefits from sustained rental demand driven by proximity to Loyola Marymount University, the Playa Vista employment corridor, and Los Angeles International Airport. The site is also minutes from Playa del Rey and the Inglewood entertainment district anchored by SoFi Stadium, reinforcing deep and diverse renter demand. In a Westside market where renovated assets of similar quality typically trade at materially lower yields, this offering stands apart by delivering meaningful day-one income without renovation risk, lease-up exposure, or speculative assumptions. The combination of exceptional pricing metrics, high-quality redevelopment, and a supply-constrained Westside location makes opportunities like this inherently scarce in today's buyer-driven environment.

Home Facts

Multi-Family

16 Baths

28 Bedrooms

Built in 1951

Price Summary

5,545,000

$528 per Sq. Ft.

MLS #:

26639463

Last Updated:

March 6, 2026, 11:42 AM

Added:

1 month(s) ago


Rooms & Interior

Bedrooms

Total Bedrooms:

28

Bathrooms

Total Bathrooms:

16

Interior

Living Area:

10,500 Sq. Ft.


Structure

Structure

Building Area:

10,500 Sq. Ft.

Year Built:

1951


Lot

Lot Size (Sq. Ft):

13,599


Finances & Disclosures

Finances

Price:

$5,545,000

Price per Sq. Ft:

$528 per Sq. Ft.

Source:CRMLS
The information being provided by California Regional MLS (Southern California) is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the California Regional MLS (Southern California). Coldwell Banker Campbell Realtors is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of Coldwell Banker Campbell Realtors, a broker participant of California Regional MLS (Southern California). This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, including but not limited to open house information, square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by California Regional MLS (Southern California) and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2021 California Regional MLS (Southern California). All rights reserved.

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